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CRS Social Security Death Benefit Update – and How SS benefits are calculated “Social Security is formally known as the Old-Age, Survivors, and Disability Insurance (OASDI) program. This report focuses on the Survivors Insurance component of Social Security. When workers die, their spouses, former spouses, and dependents may qualify for Social Security survivors benefits. This report describes how a worker becomes covered by Survivors Insurance and outlines the types and amounts of benefits available to survivors and eligibility for those benefits. This report also provides current data on survivor beneficiaries and benefits.” [h/t Pete Weiss]

See also via – How Social Security Benefits Are Computed: In Brief – “Social Security, the largest program in the federal budget (in terms of outlays), provides monthly cash benefits to retired or disabled workers and their family members as well as to the family members of deceased workers. In 2017, benefit outlays were approximately $952 billion, with roughly 62 million beneficiaries and 174 million workers in Social Security-covered employment. Under current law, Social Security’s revenues are projected to be insufficient to pay full scheduled benefits after 2034…”

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